Evergold’s DEM Prospect in B.C. Returns High Grades of Antimony in

Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ)(“Evergold” or the “Company”) is pleased to report assay results for two core holes (DEM24-04 and DEM24-05) completed on the DEM Mountain Zone near Fort St. James, B.C. in early October this year, in follow up to highly encouraging results from an initial 3-hole drill program (DEM23-01,02,03), carried out in fall 2023 (see news, January 15, 2024). The DEM Mountain Zone consists of a polymetallic sulphide-bearing vein and vein-breccia and related alteration system hosted within what is interpreted to be a zone of hornfels developed around an intrusive centre (see figures, below). The latest results, combined with those of the fall 2023 program, demonstrate a broad zone endowed locally with elevated precious and high-value critical elements, each locally exhibiting high grades at the level of individual half to two metre lengths in core samples, or consecutive samples, including values to highs of 8.37% antimony (DEM24-05), 29.5 g/t gold (DEM23-03), 182 g/t silver (DEM23-03), 0.12% cobalt (DEM23-03), 42 g/t tellurium (DEM23-03), 0.83% molybdenum (DEM23-02), 3.7 g/t rhenium (DEM23-02), and 0.32% tungsten (DEM23-01). In general, all of the higher-grade intervals are associated with, or encompassed by, an envelope of anomalous pathfinder elements and gold and silver. For example, an estimated true width 48 metres of 0.58 g/t gold and 11 g/t silver in DEM23-03, and 135 metres of 0.12 g/t Au from surface in DEM23-01.

Highlights, DEM Mountain Zone (Note: Drill results from 2023 core holes DEM23-01 and DEM23-02, which collared in the anomalous zone, coupled with gridded soil sample results, suggest that the DEM Mountain Zone approaches surface. Antimony is presently valued at approximately $US33,000 per tonne, or roughly 3.5 times the value of copper. See comments below.)

• High-grade antimony: The DEM Mountain Zone delivers the highest grades of antimony seen in actual drilling from any Canadian mineral prospect in recent years. This includes individual core assay highs to 8.37% antimony over 0.50 metre within 40 metres of 0.42% antimony in DEM24-05, including 3.60% antimony over 2.5 metres (see core photos, below). Note: the industry generally considers “substantially elevated” grades of antimony mineralization as containing greater than 0.40% antimony and cut-offs for extraction purposes may be as low as 0.1% antimony.
• High-grade antimony with elevated silver, and some gold: 1.67% antimony (not previously reported) with 182 g/t silver and 2.89 g/t gold over half a metre in DEM23-03 (core photos, below).
• High-grade gold, with some antimony, cobalt and high-grade tellurium: 29.5 g/t gold and 22 g/t silver with 0.09% antimony, 0.12% cobalt, and 41.5 g/t tellurium over half a metre in DEM23-03 (core photos, below).
• A broad zone: The DEM Mountain Zone, as defined by visible alteration and the persistence, sample-to-sample within the zone of highly elevated values of its various defining elements -…